The new tax law has many impacts on state income taxes in 2018. The law limits the deductibility of state income taxes for federal purposes. It also raises the federal standard deduction amount. However, taxpayers should consider the impact on their state income tax of the decisions they make to minimize their federal taxes. This article examines why.
New Tax Law May Affect State Income Tax, Too!
Barry H. Zimmer founded Zimmer Law Firm in June 1993, to practice in the areas of Estate Planning, Estate Administration, and Business Succession Planning. His goal was and continues to be helping clients understand and de-mystify the often confusing world of Estate Planning in an ever-changing society, and to implement effective Estate Planning with minimal effort and time investment.
Latest posts by Barry Zimmer (see all)
- What You Need to Know about Elder Abuse - May 18, 2023
- Celebrate Older Americans Month This May - May 16, 2023
- Why Incapacity Planning Should Be Included in Your Estate Plan - May 11, 2023
